A major construction boom in Hobart is continuing to grow with the Parliament Square redevelopment now moving into the first phase of full construction works, Minister for State Growth Matthew Groom said.

The sale of the site to the developer Citta for $8.11 Million has now been completed, allowing the first phase of construction to get underway.

The developer has now met all the conditions required to complete the sale and has taken ownership of the site.

“Almost $100 Million of economic activity and 400 jobs are expected to be generated by the project.” Treasurer Peter Gutwein said.

The first stage, anticipated to be completed in late 2016, includes building a new office tower behind Parliament House and refurbishing the sandstone heritage buildings on Davey Street.

The second stage is due to be completed in late 2017 and involves demolishing 10 Murray Street and part of 12 Murray Street.

The final stages involve building a new underground car park where 10 Murray Street currently stands, creating the new public open space and commercial and retail spaces.

The redevelopment is due to be completed towards the end of 2018.

TAS Treasurer Peter Gutwein

“The Parliament Square redevelopment will restore and reuse significant heritage assets, create new public space, and re-establish the link between the Hobart waterfront and the CBD.” Mr. Groom said.

Hansen Yuncken and Vos Constructions have been selected to undertake the first stage building works for the developer, creating jobs for our local workforce.

The Parliament Square redevelopment is the latest in a number of developments right around the State that are creating jobs and growing our economy.

These projects will combine to create thousands of jobs and generate hundreds of millions of dollars of economic activity throughout Tasmania.

“With the Headworks Holiday, our planning reforms, and the establishment of the Office of the Coordinator-General, the Hodgman Tasmania State Government is making it easier for developers to create jobs and grow the economy.” Mr. Gutwein said.